Dear Pensions Commission Team,

I am writing to submit evidence regarding your interim report, “Pensions 2050: evidence and future priorities”, specifically concerning the critical issue of pension adequacy.

While your report rightly highlights the risks of retirement undersaving across the UK, it completely omits a major structural driver of retirement financial hardship: the practice of integrated pension deductions, commonly known as “Clawback” or the “State Deduction.”

I am one of over 52,000 retirees affected by the Midland Bank / HSBC clawback policy. Like thousands of my former colleagues, my occupational pension is systematically reduced to account for a state benefit. This deduction severely damages the financial “adequacy” of my retirement income.

I urge the Commission to consider the following points in its final report:

• The Reality of Adequacy: A pension cannot be considered “adequate” if arbitrary historical corporate deductions strip away thousands of pounds of expected income from long-serving, often lower-paid workers.
• My Personal Experience: [Insert 2–3 sentences here about your own story. For example: “Because of clawback, my actual monthly pension is significantly lower than what I was led to expect during my decades of service. This deduction has made managing basic living costs much harder than it should be.”]
• The Solution Needed: If the Government is serious about building a robust, fair pension framework for 2050, it must explicitly investigate the fairness of integration mechanisms and clawbacks that erode the value of occupational savings.

An adequate pension system must protect what workers have earned. I ask that the Commission formally address the financial impact of pension clawbacks in its final recommendations.

Yours sincerely,

[Your Name]
[Your City/Town]
Supporter of the Midland Clawback Campaign